Discussion 1: Cathy

Operational differences between inpatient and outpatient health centers and hospitals are that inpatient services require an overnight stay in a hospital, ambulatory surgery centers, respite care, hospice care, and nursing facilities. Hospitals are governed by a chief executive officer (CEO) a board of trustees or board of directors, and a chief of medical staff (Pozgar, 2014.) The CEO is responsible for the day to day operations of the hospital, and the board of trustees. The board of trustees are legally responsible for hospital operations. The operational staff within a hospital manages the nonmedical staff, both the operational staff and medical staff collaborate so the institute runs smoothly. In addition to this, the medical staff has committees (Pozgar, 2014.) A credential committee reviews and grants that allow privileges to physicians. A by-law committee reviews changes and a planning committee supervises activities and correlate to the mission and vision. In turn, patient records are overseen by the medical records committee. A utilization committee safeguards inpatient stays that are clinically appropriate. An infection control committee reduces infections in hospitals and a quality control improvement committee which is responsible for quality improvement programs (Pozgar, 2014.)

Word count 191

Niles, N. J. (2018). Chapter 6: Inpatient and Outpatient Services. In Basics of the U.S. health care system (3rd ed., pp. 147-155). Burlington, MA: Jones & Bartlett Learning.

Discussion 2: Crystal

Inpatient services are services that involve an overnight stay of a patient whereas outpatient services do not (Niles, 2015). Inpatient care tends to be directed towards more serious conditions and trauma that require one or more days of an overnight stay at a medical facility (Wu, 2016). Patients must stay at the medical facility where their procedure was done (which is normally a hospital) for at least one night. During this time, they remain under the supervision of a nurse or doctor. Outpatient services on the other hand, do not require a prolonged stay at a facility. This can include routine services such as checkups or visits to clinics (Wu, 2016). Outpatient services can also include more involved procedures such as surgical procedures, as long as they allow you to leave the hospital or facility on the same day as the procedure. Patients are free to leave the doctor’s office; outpatient clinic or hospital once the procedure is over. Sometimes, they need to wait while anesthesia wears off or to make sure there aren’t any complications. As long as there are not any serious complications though, patients don’t have to spend the night being supervised (PBMC Health, 2017). Inpatient care is considered very expensive so over the years hospitals have begun offering more outpatient services that do not require an overnight stay and are less financially taxing on the healthcare system.

References:

Niles, N. J. (2015). Basics of the U.S. health care system. Burlington, MA: Jones & Bartlett Learning.

The Difference Between Inpatient and Outpatient Care. (2017, March 14). Retrieved March 30, 2018, from http://www.pbmchealth.org/blog/difference-between-…

Wu, J. (2016, November 28). Inpatient vs. Outpatient Care and Coverage. Retrieved March 30, 2018, from https://www.valuepenguin.com/inpatient-vs-outpatie…

Discussion 3: Craig

1. Name of Company: Home Depot

2. Source of Information: https://www.sec.gov/cgi-bin/viewer?action=view&cik=354950&accession_number=0000354950-17-000005&xbrl_type=v#

3. I will be closing on the sale of a house in south Florida next week. Prior to getting to closing I have been spending a lot of time at Home Depot (and Lowe’s) getting supplies to work on the house. I thought it would be worthwhile to research a company that I have been giving a lot of money to lately. In addition, The Home Depot has also been traded on the Dow since 1999. Researching a stock that factors prominently on the Dow Jones makes sense.

4. Asset Turnover Ratio = Net Sales / Average Total Assets

=$100,904 / [($44,529 + $42,966) / 2)] (in $Millions)

=$100,904 / $43,748

=2.31

5. Home Depot’s Asset Turnover Ratio of 2.31 is very healthy. This ratio indicates that Home Depot is producing $2.31 for every $1.00 of assets invested. It should be noted that the information to determine the ratio must be obtained from both the balance sheet and income statement: the Net Sales are obtained from the income statement and the Average Total Assets are obtained from the Balance Sheet.

Discussion 4: Alex

The company I chose to research is Starbucks. I chose to research this company because I frequently visit this store as I am shopping at Target. Here is the web address to the information: https://www.sec.gov/cgi-bin/viewer?action=view&cik…#

To calculate the asset ratio turnover you need to divide the net sales by the total average assets.

In October 2017, net sales were (in millions) $22,386.80

To find the total average assets by dividing the current years assets by the previous years assets

In 2017 the total assets equalled $14,365.60 while in 2016 the total assets equalled $14,312.50

14,365.60+14,312.50= $28,678.10

28,678.10/2= $14,339.05

$22,386.80/$14,339.05= 1.56

This tells us that Starbucks is producing approximately $1.56 of sales revenue for each dollar of assets invested.

Note: Please read the discussion carefully and try to answer them about what they wrote, don’t explain to them how the formula done or repeat what they said, just comment about how good points and how great job they explain it, thank you.